£ 3.7m equity fund­ing to help Red­line to im­prove avi­a­tion sec­tor ser­vices

Yorkshire Post - Business - - BUSINESS -

AN EQUITY house has in­vested £ 3.7m to sup­port a York­shire­based se­cu­rity train­ing provider to the avi­a­tion sec­tor.

The fund­ing, from Mobeus, will be used to ac­cel­er­ate the roll out of Don­caster- based Red­line’s prod­ucts and ser­vices in a num­ber of new in­ter­na­tional mar­kets.

Red­line was founded by Paul Ma­son and Jim Ter­mini af­ter work­ing to­gether as he­li­copter pi­lots in the UK mil­i­tary.

The com­pany’s 80 staff and 200 as­so­ciates pro­vide train­ing and covert qual­ity as­sur­ance ser­vices to a large num­ber of cus­tomers, in­clud­ing UK air­ports.

Red­line has seen grow­ing in­ter­na­tional de­mand for its ser­vices in the last 12 months and the funds in­vested by Mobeus will sup­port the busi­ness fur­ther in­ter­na­tional de­vel­op­ment.

In­creas­ing pas­sen­ger num­bers and the need for height­ened se­cu­rity have led to a rise in de­mand for Red­line’s ser­vices.

Paul Ma­son, CEO of Red­line, said: “The chance to work with a pro­gres­sive, sup­port­ive equity house like Mobeus is an ex­tremely ex­cit­ing prospect for the whole team at Red­line.

“We in­tend to max­imise the op­por­tu­nity to make a real dif-

PAUL MA­SON: ‘ We in­tend to max­imise the op­por­tu­nity to make a real dif­fer­ence.’ fer­ence in a very un­cer­tain world.”

Richard Babington, the Mobeus part­ner who led the trans­ac­tion, said: “Bri­tain is renowned world­wide for the qual­ity of its avi­a­tion se­cu­rity, and Red­line is the pre- em­i­nent provider of avi­a­tion se­cu­rity train­ing and qual­ity as­sur­ance in Bri­tain.

“We are de­lighted to be back­ing Paul, Jim and Red­line as it con­tin­ues to ac­cel­er­ate its de­vel­op­ment into Europe, the Middle East and Asia.”

Mobeus was in­tro­duced to the deal by An­drew Lock of Lock Dut­ton Cor­po­rate Fi­nance and le­gal ad­vice was pro­vided by Squire Pat­ton Boggs LLP.

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